New container port helps shorten way to Europe, Americas PM Nguyen Xuan Phuc on Sunday attended the grand opening of Hai Phong International Container Terminal, which allows direct shipments to Europe and the Americas. Present at the ceremony included Japanese Ambassador to Viet Nam Umeda Kunio and representatives of the city local authorities. The Terminal means exports from North Viet Nam will not have to be transited through other ports before reaching the above markets, thus helping reduce business costs and increase competitiveness of Vietnamese exports. The Terminal is jointly invested by Sai Gon Newport Corporation (Viet Nam), MITSUI O.S.K Lines and Itochu (Japan) and Wan Hai Lines (Chinese Taipei), in which the Vietnamese corporation holds 51% stake. Located in Cat Hai district, it is the first deep-water seaport in the Northern region, capable of receiving vessels up to 160,000 DWT. Construction of the terminal began on May 12, 2016. Vietjet Air to open Hai Phong-Busan … [Read more...] about BUSINESS IN BRIEF 15/5
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BUSINESS IN BRIEF 26/4
TTC Sugar purchasing treasury shares The Thanh Thanh Cong - Bien Hoa JSC (TTC Sugar, stock code: SBT) began to purchase shares on April 18 to increase its treasury share (TS) holding and capital surplus, via order matching at market prices. It expects to continue to do so until May 17.Sao Do breaks through with brand powerVND20 trillion in credits for HCMC’s 2018 market stabilizationTaxi operators want ride-hailing cabs to change number plate colorHCMC taxman asks Grab to pay Uber transfer taxMinistry explains delay in announcing RON 95 petrol base price Da Lat flower growers need help: experts Around 300 million flowers from Da Lat are exported to markets such as Japan, South Korea and China every year, but experts say that more active networks among growers and buyers could help the industry reach its full potential. Da Lat has 9,000 hectares devoted to growing flowers, with many farmers using glasshouses which have increased output and profits, up to VND5 … [Read more...] about BUSINESS IN BRIEF 26/4
Remarks on Vietnam Economy from Foreign Institutions: Government Creating Motivations for Business Community Development
Remarks on Vietnam Economy from Foreign Institutions: Government Creating Motivations for Business Community Development 2016 was the first year in office for the new Government of Vietnam. So far, the business community has sensed the Government’s clear direction and commitment to the development of the economy and business environment. The new government perfects the executive methodology from administrative order to a facilitating and serving government. This move has blown a new spirit and a strong impetus for the business community to develop business. Vietnam Business Forum excerpted reviews on reforms of the investment and business environment of Vietnam from some foreign organisations and business associations active in Vietnam. Mr Kenneth M Atkinson - Chairman of British Business Group Vietnam (BBGV) On behalf of the British Business Group Vietnam, I would like to congratulate the new Government on the strong pro-business stance that has been adopted and their … [Read more...] about Remarks on Vietnam Economy from Foreign Institutions: Government Creating Motivations for Business Community Development
BUSINESS IN BRIEF 12/10
Foreign investors to meet in annual investment conference Co-hosted by the Ho Chi Minh Stock Exchange (HOSE) and financial data provider Stoxplus, the annual conference themed "Vietnam Stock Market: On the Way to Emerging Markets" will discuss promoting Vietnam's securities market to an emerging market (EM) classification. HOSE Deputy General Director Tran Anh Dao said foreign investors will be provided with information about Vietnamese government activities to accelerate the upgrade Vietnam's securities market to EM status. They will learn more about a regulation allowing them to increase up to 100 percent of voting shares in a Vietnamese public company. A majority of foreign investors agreed that Vietnam is increasingly attractive thanks to its economic stability and the high potential of its private sector.- Decree sets out business fee structure Organisations dealing in production and business activities, with a charter or investment capital of more than 10 billion VND … [Read more...] about BUSINESS IN BRIEF 12/10
BUSINESS IN BRIEF 21/10
Petrol price hike of over VND400 per litre Retail prices of RON 92 petrol and E5 bio-fuel increased by VND441 (US$0,019) and VND392 per litre, respectively, yesterday. Following a joint decision issued by the ministries of Industry and Trade and Finance, the price of diesel 0.05S rose by VND599 per litre, while that of kerosene went up by VND520 per litre. This was the nineth hike Vietnamin fuel prices so far this year with a total increase of nearly VND5,000 per litre. By contrast, the prices have been dropped eight times since the beginning of the year, with the decreases amounting to about VND4,463 per litre. Current ceiling prices of RON 92 and E5 bio-fuel are VND16,845 per litre and VND16,533 per litre, while maximum prices of diesel and paraffin are kept at VND13,023 per litre and VND11,543 per litre. The average global price of RON 92 during the last 15 days was $59.995 a barrel, while that of diesel 0.05S was $62.338 per barrel, the ministries said. They also decided to … [Read more...] about BUSINESS IN BRIEF 21/10